REG - Intercede Group PLC - Contract Orders and Renewals

IntercedeAnnouncement

30/09/2024 07:00

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RNS Number : 1130G  Intercede Group PLC  30 September 2024

30 September 2024

INTERCEDE GROUP plc

('Intercede', the 'Company' or the 'Group')

 

Contract Orders and Renewals

Intercede, the leading cybersecurity software company specialising in digital
identities, today announces further contract orders and renewals, of more
than, in aggregate, $1.9m in value.

Intercede is pleased to confirm the following orders and renewals:

 

·    a large MFA renewal for a significant educational establishment in
the Middle East with an associated enhanced subscription licence order of
2,000 to take the full deployment to 19,000, all together worth c$0.15m per
annum;

·    enhanced professional services order, of more than $0.1m, to assist
in ongoing operational support for a prominent Federal Transportation Agency;

 

·    a support and maintenance renewal from a large US aerospace and
defence manufacturer totalling c$0.54m;

 

·    a major development order from a systems integrator for a new
government end client. The order is for c$0.5m and all deliverables are
scheduled within H2 FY25 with licence orders to follow in due course; and

 

·    Department of State (DoS) renewal of support and maintenance for FY26
totalling c$0.4m, and a separate professional services order of c$0.24m.

These orders and renewals, received via our partners, further underpin the
Group's revenue for FY25 and contracted revenue backlog for FY26.

 

ENQUIRIES

 Intercede Group plc                Tel. + 44 (0)1455 558111
 Klaas van der Leest                CEO
 Nitil Patel                        CFO

 Cavendish Capital Markets Limited  Tel. + 44 (0)20 7220 0500
 Marc Milmo/Fergus Sullivan         Corporate Finance
 Tim Redfern/Ondraya Swanson        ECM

 

About Intercede

Intercede is a cybersecurity software company specialising in digital
identities, and its innovative solutions enable organisations to protect
themselves against the number one cause of data breach: compromised user
credentials.

 

The Intercede suite of products allows customers to choose the level of
security that best fits their needs, from Secure Registration and ID
Verification to Password Security Management, One-Time Passwords, FIDO and
PKI. Uniquely, Intercede provides the entire set of authentication options
from Passwords to PKI, supporting customers on their journey to passwordless
and stronger authentication environments. In addition to developing and
supporting Intercede software, the Group offers professional services and
custom development capabilities as well as managing the world's largest
password breach database.

 

For over 20 years, global customers in government, aerospace and defence,
financial services, healthcare, telecommunications, cloud services and
information technology have trusted Intercede solutions and expertise in
protecting their mission critical data and systems at the highest level of
assurance.

For more information visit: www.intercede.com (http://www.intercede.com)

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